Economist Say GDP to Reach 8.7%
Cambodia’s economic growth is expected to reach 8.7 percent this year as a result of the growth within the garment sector and the increased prices for agricultural products. The Economic Institute of Cambodia (EIC) has said that the garment industry, including the manufacturing of shoes, has pushed the economy and has “reassert[ed] its role as the country’s growth engine.” The International Monetary Fund (IMF) and Asian Development Bank (ADB) along with the World Bank (WB)have estimated the growth at 6.5 percent while the government has said it will reach only 6 percent.
